Paris Olympics set for gold medal in luxury promotion
From the podium to athletes’ wardrobes, French luxury goods giant LVMH is planning to put high-end Gallic chic at the heart of the Paris Olympics, underlining how sport has become a promotional platform for even the most exclusive brands.
Parisian luxury jewellery house Chaumet, one of LVMH’s lesser-known properties, was thrust into the public limelight on Thursday when its design for the medals for the July 26-August 11 extravaganza was unveiled.
The role was a departure from its usual niche making engagement rings, tiaras and diamond-studded broaches for the ultra-wealthy, with LVMH hoping to harness the huge international reach of the Olympics on home turf.
Antoine Arnault, senior LVMH executive and eldest son of company founder Bernard Arnault, said at the ceremony to reveal the medals that there was a “quasi-military organization inside the company” working on Paris Olympics projects.
“LVMH as a partner will try to add a little touch of creativity, notably during the moments of celebration,” he told reporters. Controlled by the world’s richest man, Bernard Arnault, LVMH signed up as “premium partner” for the Paris Games in July last year after months of complex negotiations about the use of its brands.
While Chaumet secured the medal honour, high-end leather goods brand Berluti is set to dress the French athletes during the spectacular opening ceremony being planned on the river Seine on July 26. Thousands of Olympics VIPs and high-paying corporate guests are set to sip LVMH-owned Moet & Chandon champagne as well as Hennessy cognac among other premium drinks in their hospitality suites.
Dior is also set for a role — which has not yet been announced — as is celebrated handbag and luggage maker Louis Vuitton. A series of LVMH-sponsored sports ambassadors will help promote the brand on social media, with 21-yearold French swimming medal hope Leon Marchand one of the earliest names revealed.